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TOTAL Financial Report 1st Half 2012

TOTAL Financial Report 1st Half 2012

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Published by arvin chiong

Financial Report

Financial Report

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Published by: arvin chiong on Feb 03, 2013
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09/17/2013

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Financial Report1
st
half 2012
 
1. Financial Report - 1
st
half 2012
1. Key figures.......................................12. Group results...................................2
2.1. Operating income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .22.2. Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .22.3. Investments - divestments . . . . . . . . . . . . . . . . . . . . . . . .22.4. Cash flow . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2
3. Analysis of business segmentresults..............................................3
3.1. Upstream . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .33.2. Refining & Chemicals . . . . . . . . . . . . . . . . . . . . . . . . . . . .43.3. Supply & Marketing . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5
4. TOTAL S.A. parent companyaccounts.........................................65. Highlights since the beginningof 2012............................................66. Summary and outlook.....................67. Other information.............................7
7.1. Operating information by segment in first half 2012 . . .77.2. Adjustment items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .87.3. Effective tax rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .87.4. Investments - divestments . . . . . . . . . . . . . . . . . . . . . . . .97.5. Net-debt-to-equity ratio . . . . . . . . . . . . . . . . . . . . . . . . . .97.6. Return on average capital employed . . . . . . . . . . . . . .10
8. Principal risks and uncertainties forthe remaining six months of 2012....11
2. Consolidated Financial Statements
1. Statutory auditors’ review reporton the condensed half-yearlyconsolidated financial statements..132. Consolidated statement of income..143. Consolidated statementof comprehensive income..............154. Consolidated statement of income..165. Consolidated statementof comprehensive income..............176. Consolidated balance sheet..........187. Consolidated statementof cash flow...................................198. Consolidated statementof cash flow...................................209. Consolidated statement of changesin shareholders’ equity...................2110. Notes to the consolidatedfinancial statements for the firstsix months of 2012........................22
1) Accounting policies . . . . . . . . . . . . . . . . . . . . . . . . . . . .222) Changes in the Group structure, main acquisitionsand divestments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .223) Adjustment items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .224) Shareholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . .255) Financial debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .266) Related parties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .267) Other risks and contingent liabilities . . . . . . . . . . . . . . .268) Business segment information . . . . . . . . . . . . . . . . . . .319) Reconciliation of the information by business segmentwith consolidated financial statements . . . . . . . . . . . . .3910) Changes in progress in the Group structure . . . . . . . . .4111) Post-closing events . . . . . . . . . . . . . . . . . . . . . . . . . . . .41
Contents
 
Financial Report - 1
st
half 2012. TOTAL
i
Financial Report1
st
half 2012
This is a free translation into English of the Chairman and Chief Executive Officer’s certification issued in French, and is provided solely for the convenience of English-speaking readers.
“I certify, to the best of my knowledge, that the condensed consolidated financial statements for the first half 2012 have been prepared inaccordance with the applicable set of accounting standards and gives a true and fair view of the assets, liabilities, financial position and profitor loss of the company and the undertakings included in the consolidation as a whole, and that the interim management report on pages 1to 12 herein includes a fair review of the important events that have occurred during the first six months of the financial year, their impact oncondensed set of financial statements, major related parties transactions and the principal risks and uncertainties for the remaining six monthsof the financial year. The independent auditor’s report on their review of the above mentioned condensed consolidated financial statements is included on page13 of this half-year financial report.”
Christophe de Margerie
Chairman and Chief Executive Officer The French language version of this
Rapport financier semestriel 
(half-year financial report) was filed with the French Financial Markets Authority (
 Autorité des marchés financiers
 ) on July 27, 2012 pursuant to paragraph III of Article L. 451-1-2 of the French Monetary andFinancial Code.

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